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BBCNEWS World Business Report July 6, 2024

tesla is recalling over 350,000 of its us vehicles to update its full self driving beta software system. this, after regulators said it did not properly adhere to traffic safety laws. tesla will now release a free update for the system. but as my colleague samira hussain explains, the full self driving beta software is a big part of tesla. this self driving technology for tesla is a big part of its business plan. it s what tesla and elon musk has been pushing and elon musk has been pushing and they believe it is the absolute future. elon musk has also said this self driving technology is better and in many cases safer than just regular drivers. but what tesla has shown is there has been incidents in which some of these technologies have caused accidents. while in this particular software update instance, they are saying that, look, what we are doing is to try and get this update to happen because there could be some issues when going through traffic, circles, going thro ....

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BBCNEWS BBC News July 6, 2024

and pulp fiction star is now suffering from a type of dementia. and the deadline looms to see who might want to buy manchester united, with offers expected to come in from prospective owners in britain, the us and qatar. good morning and welcome to bbc news. the prime minister will hold talks with stormont leaders in belfast today, with hopes that a deal between the uk and the eu on northern ireland s brexit arrangement could soon be reached as early as next week. the current trading arrangement know as the northern ireland protocol was negotiated during brexit talks. it was put in place to deal with the fact that northern ireland is in the uk and the republic of ireland is in the eu. some goods passing from england, scotland and wales into northern ireland are getting checked when they cross the irish sea in order to keep an open order on the island of ireland. unionist parties argue that this places an effective border across the irish sea which undermines norther ....

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BBCNEWS BBC World News July 6, 2024

hello and welcome. new zealand s government has become the latest to ban tiktok on devices with access to its parliamentary network, due to security concerns. this is because of fears that the chinese owned app passes information about users to the chinese government, something the owners, bytedance, deny. earlier on thursday, the uk followed the united states, and the european commission, in banning the app from sensitive government devices. china says it s a politically motivated decision, not one based on facts. our news reporter, azadeh moshiri, joins us now. why governments are so worried? given by lbs is a chinese company that owns tiktok, governments are concerned that user could be violated and uses personal information can be passed on to the chinese government bytedance. but bytedance and tiktok deny this, saying there is nowhere the chinese government can get its hands on the data, but this is why governments are so concerned, it is because the extent of ....

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BBCNEWS World Business Report July 6, 2024

hello there. we begin in the us where, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic plunged, as investors worry that it could be the next to fail. it follows the stunning collapse of two other specialist lenders, including silicon valley bank. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. that s been putting a ton of pressure on smaller regional banks. depositors at first republic have withdrawn billions of dollars and the regional banks share price has been cut in half. now the biggest of the american banks have stepped in, led by the likes ofjpmorgan and citigroup, 11 companies have agreed to make $30 billion of uninsured deposits in first republic. they have done this in the hope that it will be enough to shore u ....

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BBCNEWS World Business Report July 6, 2024

11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic bank plunged, as investors worry that it could be the next to fail. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. and that has been putting a ton of pressure on smaller regional banks. now, depositors at first republic have withdrawn billions of dollars. the regional banks share prices has been cut in half. now, the biggest of the american banks have stepped in, led by the likes ofjp morgan and citigroup. 11 companies have agreed to make $30 billion of uninsured deposits in first republic. now, they have done this in the hope it will be enough to shore up confidence and notjust in first republic, but in the entire banking system. the troubles of those american lenders have fuelled concerns about the value of bonds held by banks, as ris ....

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